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Those aren't downsides of bitcoin, they're downsides of unregulated trading markets controlled by a single entity. You'd have exactly the same problems if MtGox
by asuffield 13y ago
Those aren't downsides of bitcoin, they're downsides of unregulated trading markets controlled by a single entity. You'd have exactly the same problems if MtGox was trading horseshoes.
- apetresc 13y agoOr, say, Magic cards (which is exactly what MtGox was originally, hence the "MtG" in the name).
- ceol 13y agoBut isn't the point of Bitcoin that it's unregulated and akin to digital cash? If you start regulating it, what makes it any different or better than using cash? What's the point, then?
- ghshephard 13y agoYour confusing the currency (Bitcoin) with the Exchange/Custodian (MtGox). You can leave the currency unregulated, but police the exchanges that trade it.